Sugar Wood
About this raise
Sugar Wood, with a valuation of $7.5 million, is raising funds on Republic. It is a naughty dessert brand in New York City’s vibrant neighborhood. Sugar Wood makes naughty waffles, cheeky popsicles, chocolate bars, and scandalous cookies and is a champion of inclusivity and sex positivity. The business has been featured in Out Magazine, NY Post, Bravo, and Elvis Duran and has generated $600,000 in revenue in the first 18 months. Austin Allan and Michelle Muller founded Sugar Wood in February 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for PR and marketing, legal and accounting fees, franchise and location expansion, staff and personnel, offsite manufacturing exploration, and product packaging development.
Investment Overview
Invested : $50,850
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 03/05/2024
- Close Date
- 04/20/2024
$50,000
$1,235,000
$300
SAFE
Early Stage
RegCF
$7,500,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +146% YoY
-
$455,000
as of FY2022
- Monthly Burn
-
$19,634
as of FY2022
-
Runway
-
2.5 months
as of FY2022
- Gross Margin
-
72%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $437,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/20/2024 | Republic | $7,500,000 | $50,850 | SAFE | Funded | RegCF |